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May 9, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Orange City, Business Loans > Community Bank Orange City Business Loans > Dairy Cattle And Milk Production Loan | ||||
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SBA Lender Orange City
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Orange City, Iowa Lender Lends Money to Dairy Cattle And Milk Production CompanyGet to know Orange City, Iowa banks that specialize in small business loans and know how to work with entrepreneurs. Community Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Rock Rapids, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: DAIRY CATTLE AND MILK PRODUCTION SBA Loan Lender COMMUNITY BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 112120 - Dairy Cattle and Milk Production Loan Approval Date 12/26/2002 Loan Approval Gross Amount $1,981,500 Loan Approval from the SBA Of the total $1,981,500 loan amount, the SBA guaranteed $990,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank and they will explain how you can get an SBA loan for your company. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Small Bank Loans in Orange City, Iowa
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